Days Inventory is also known as Days Sales of Inventory (DSI). Edible Garden AG's Average Total Inventories for the
three
months ended in Dec. 2023 was $0.61 Mil. Edible Garden AG's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $3.80 Mil.
Hence, Edible Garden AG's Days Inventory for the
three
months ended in Dec. 2023 was 14.72.
The historical rank and industry rank for Edible Garden AG's Days Inventory or its related term are showing as below:
EDBL'
s Days Inventory Range Over the Past 10 Years
Min: 12.48 Med: 15.43 Max: 18.31
Current: 18.31
During the past 4 years, Edible Garden AG's highest Days Inventory was 18.31. The lowest was 12.48. And the median was 15.43.
EDBL's Days Inventory is ranked better than 95.74% of 1785
companies
in the Consumer Packaged Goods industry
Industry Median: 82.43
vs EDBL: 18.31
Edible Garden AG's Days Inventory
declined
from Dec. 2022 (15.71) to Dec. 2023 (14.72).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Edible Garden AG's Inventory Turnover for the
three
months ended in Dec. 2023 was 6.20.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Edible Garden AG's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.15.
Edible Garden AG Days Inventory Historical Data
The historical data trend for Edible Garden AG's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Edible Garden AG Annual Data
Trend
Dec20
Dec21
Dec22
Dec23
Days Inventory
-
12.48
15.43
17.44
Edible Garden AG Quarterly Data
Mar20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
15.71
29.59
18.71
14.35
14.72
Competitive Comparison
For the Farm Products subindustry, Edible Garden AG's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Edible Garden AG Days Inventory Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Edible Garden AG's Days Inventory distribution charts can be found below:
* The bar in red indicates where Edible Garden AG's Days Inventory falls into.
Edible Garden AG Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Edible Garden AG's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Edible Garden AG (NAS:EDBL) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Edible Garden AG's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Edible Garden AG's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Edible Garden AG Days Inventory Related Terms
Thank you for viewing the detailed overview of Edible Garden AG's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Edible Garden AG (Edible Garden AG) Business Description
Edible Garden AG Inc is a next generation controlled environment agriculture farming company. It uses traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. The company uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces.
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